Business Diary: Consider the Krugman Factor
Tuesday 26 April 2011
The Nobel Prize-winning economist Paul Krugman is fighting back following an exchange between Glenn Beck and Bill O'Reilly, the right-wing shock jocks of American television. Describing Krugman as one of the "far left", O'Reilly said that he and the likes of "Soros and his merry men" were intent on destroying the American economy so that they would be free to "build up a socialist system". O'Reilly is on to something, confesses Krugman on his blog, adding "Luckily, he hasn't learned about our plan to steal his precious bodily fluids." It's hardly a fair fight, intellectually, this one.
A right royal share tip
There is a large health warning with this suggestion – it comes from a fund management company – but if you're looking for a reason to invest on the stock market, the Royal Wedding could be it, says Fidelity. It points out that the investment climate in the run-up to the wedding of Charles and Di in 1981 was remarkably similar to today, with stocks having underperformed for an extended period and a bleak economic outlook. So in the unlikely event of you having a few spare pennies, give your broker a call, rather than spending it on Kate and Wills memorabilia.
Morecome or Newkey this year?
Word has it that one or two large travel firms are getting nervous about the lack of bookings they've taken so far for the forthcoming summer season. Well, Travelodge may have an explanation – it turns out Britons can't spell the names of some of our best-known towns and cities. Indeed, 25 per cent of its daily bookings are misspelt. Morecome for Morecambe is common, while Newquay is often rendered Newkey. If they can't spell English names, what hope is there for foreign parts?
Heated response from Scotland
We're charmed by Hawick Knitwear, a small Scottish company, which has just sent the Diary a triumphant note about how sales this year have exceeded all expectations. We're all for trumpeting the success of entrepreneurial small businesses; we would question whether the best time to launch a marketing drive for woolly jumpers is in the middle of an unseasonable heatwave.
- 1 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
- 3 Welcome to Cameroon, where drinking Baileys can lead to imprisonment
- 4 Lego breaks out of the toy box and heads for the gallery
- 5 Vogue under fire for 'Big Booty' article
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
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